... if China is really going to devalue their currency by 30-35%, the shit will hit the fan, and not in a good way. We could see all manners of odd behaviour - new tolls, trade wars, massive unemployment, the works.
On one hand I just can't imagine what the world will look like in 12 months time. On the other, I'm convinced it's inevitable, and may turn out to be a good thing in the end. So, buckle up everyone, we're in for a bumpy ride. And to friends and relatives in the US - hope you'll be OK. If not, cosy on over here to Finland, at least we've got enormous amounts of wood, so heating should be no prob :)
Showing posts with label devalue currency. Show all posts
Showing posts with label devalue currency. Show all posts
Monday, December 08, 2008
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